Credit Unions vs Banks – How they Differ and What It Means to You

by Contributor August 13, 2010

If you’re looking for a checking account, an auto loan or another banking service, don’t forget to include credit unions in your search. Credit unions are similar to banks, and they offer many of the same financial services. You will often find that credit unions have better rates and customer service. However, credit unions have […]

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USAA Auto Circle and Home Circle

by Ryan Guina August 7, 2010

USAA recently flew me and several other military bloggers down to their headquarters in San Antonio to get a sneak peak at two of their new iPhone applications, the USAA Auto Circle and USAA Home Circle. These new iPhone apps are great tools, but before I get into the details, I want to thank USAA […]

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How Do Banks Make Money by Offering High Interest Rates?

by Ryan Guina July 20, 2010

Have you ever wondered how banks can offer higher than average interest rates on savings or checking accounts? Banks are in the business of making money, even if that means taking a loss sometimes. While that might sound counter-intuitive, it often works out well in the long run. Take a look SmartyPig and PerkStreet Financial, […]

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How Banks Make Money

by Ryan Guina July 19, 2010

Have you ever wondered how banks make money? Banks are in the business of making money, that much isn’t a secret. But how do they do it? And how can some banks offer much higher interest rates on savings and checking accounts than their competitors, or on the flip side, offer much lower interest rates […]

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Sallie Mae Bank Online Savings Account Review

by Ryan Guina July 17, 2010

When you mention the term Sallie Mae, the first thing that comes to mind is probably student loans. While student loans are a large part of their business model, they also have a solid online savings account worth considering as a primary option, especially if you are saving money for college. That may sound ironic […]

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SmartyPig Review – SmartyPig is Smart Banking

by Ryan Guina July 13, 2010

SmartyPig is one of the most unique online banks, and I mean that in a good way. What is SmartyPig? In their words, “SmartyPig is a free online piggy bank for people saving for specific financial goals like a wedding, a vacation or a flat-screen TV. Even if your goal is saving for a rainy […]

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How New Overdraft Rules will Affect You

by Miranda Marquit July 2, 2010

July 1, 2010 marked the beginning of new overdraft rules for financial institutions. Starting on July 1, you will have to opt in for overdraft “protection” when you open a new account. For existing accounts, the new rules don’t take effect until August 15, 2010. The fact that you will have to consciously enroll in […]

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